Fort Washington Investment Advisors Inc. OH Purchases 90,593 Shares of Comcast Corporation $CMCSA

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,111,230 shares of the cable giant’s stock after purchasing an additional 90,593 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.11% of Comcast worth $118,033,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Lowe Brockenbrough & Co. Inc. raised its holdings in shares of Comcast by 4.9% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,532 shares of the cable giant’s stock valued at $225,000 after purchasing an additional 352 shares during the last quarter. Cora Capital Advisors LLC raised its stake in Comcast by 3.4% during the 4th quarter. Cora Capital Advisors LLC now owns 11,013 shares of the cable giant’s stock valued at $329,000 after buying an additional 362 shares during the last quarter. FSA Advisors Inc. boosted its stake in shares of Comcast by 5.5% in the 3rd quarter. FSA Advisors Inc. now owns 7,203 shares of the cable giant’s stock worth $226,000 after buying an additional 376 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Comcast by 7.4% in the 4th quarter. Oakworth Capital Inc. now owns 5,479 shares of the cable giant’s stock worth $164,000 after buying an additional 377 shares during the last quarter. Finally, WPG Advisers LLC grew its holdings in shares of Comcast by 15.9% in the fourth quarter. WPG Advisers LLC now owns 2,801 shares of the cable giant’s stock worth $84,000 after acquiring an additional 384 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 2.3%

NASDAQ CMCSA opened at $23.20 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $82.88 billion, a P/E ratio of 4.57, a P/E/G ratio of 1.89 and a beta of 0.67. Comcast Corporation has a one year low of $22.13 and a one year high of $36.66. The stock has a 50 day moving average price of $25.29 and a 200-day moving average price of $28.03.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. During the same quarter last year, the business earned $1.09 earnings per share. Comcast’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that Comcast Corporation will post 3.53 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Comcast’s payout ratio is presently 25.98%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCSA. Deutsche Bank Aktiengesellschaft downgraded Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Friday, April 24th. Evercore boosted their price target on Comcast from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. BNP Paribas Exane reduced their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. New Street Research dropped their price objective on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Freedom Capital upgraded shares of Comcast to a “hold” rating in a research report on Friday, June 12th. Nine analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $34.46.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.